Bloomberg Surveillance Bloomberg Surveillance TV: January 29th, 2026
8 snips
Jan 29, 2026 
Claudia Sahm, chief economist at New Century Advisors, offers brief takes on labor markets and monetary policy. Angelo Zino, CFRA tech analyst, discusses corporate earnings, AI-driven capex and cloud risks. Jeanette Lowe, Strategas policy research MD, covers looming Homeland Security funding fights and political maneuvers. Multiple short conversations touch Fed pauses, AI supply limits and funding standoffs.
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Episode notes
Waller's Dissent Reflects Consistent Caution
- Chris Waller's dissent fits his longstanding cautious forecasting stance, not necessarily pure politics.
- His dissent aligns with past labor-market concerns and may reflect consistent economic judgment.
Meta Rewarded For Top-Line Growth
- Meta's strong top-line growth led markets to reward heavy AI and product spending.
- Angelo Zino sees Zuckerberg's startup-like reinvestment paying off despite massive capital intensity.
Microsoft Faces Narrative Headwinds
- Microsoft faces a negative narrative in the SaaS space despite solid results and positioning.
- Concerns include OpenAI concentration risk and cloud margin guidance that weighed on the stock.